TSXV:VUL - Post Discussion
Post by
lifegoeson on Jun 02, 2022 7:51pm
I thought the results released today were great.
I think VUL is getting a bad reputation because they own 32 M shares of SALT, who cares that they may get a capital injection of $70M or perhaps north of $100M cash, hard cold cash.... I believe people just don't understand the play. First, if VUL had NO shares in SALT, then it would be a copper play. By the way, copper breaking out and could represent significant upside. They even drilled 1 meter of 5.94 g/t gold.
- 14 metres of 2.31 per cent copper within a wider zone of 28 metres of 1.58 per cent copper at McNeilly;
- 20 metres of 1.23 per cent zinc, including 0.5-metre samples up to 6.06 per cent zinc at McNeilly;
- 16.2 metres of 1.04 grams per tonne gold, including one-metre samples up to 5.94 grams per tonne gold at Colchester main;
- 2.8 metres of 1.33 per cent copper within 46 metres of 0.39 per cent copper at Andrews Pit.
They have tons of money for drilling and exploration, so as they continue, they will isolate and better understand the copper, Zinc and gold structures.....
All I can is the reason I first bought VUL was because of this.
numerous historic copper and gold deposits and showings I do like this..... quote... "The Colchester project is part of the larger Springdale property which hosts numerous historic copper and gold deposits and showings, none of which have been adequately explored with the benefit of modern digital geophysical and geological modelling. The Springdale property is road accessible and near significant mining services....."
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